NY Post
House Speaker Nancy Pelosi’s husband bought up to $1.5 million worth of Apple stock as well as up to $600,000 in Microsoft shares, according to recent financial disclosures submitted by the powerful Democratic lawmaker. The periodic transaction report, which was posted on the House of Representatives’ website, indicates that Paul Pelosi bought Apple call options between $500,001 and $1 million on May 13. Eleven days later, the venture capitalist bought additional Apple call options worth an amount between $250,001 and $500,000, according to the disclosure forms. That same day, Paul Pelosi also purchased Microsoft call options worth as much as $600,000. A call option, or “call,” is a financial contract that gives the option buyer the right to purchase the stock at a certain price. In December, Nancy Pelosi, 82, revealed in filings that she and her husband made as much as $30 million in stock trades involving Big Tech firms. The financial windfall spurred lawmakers from both parties to push forward legislation that would ban members of Congress from trading in stocks. The latest disclosures come just days after it was learned that Paul Pelosi, 82, crashed a new Porsche just five miles from their multimillion-dollar Napa home and vineyard while allegedly under the influence of alcohol. Nancy Pelosi, who represents San Francisco, has been accused of profiting off companies which she is responsible for regulating. When asked in December whether the opportunity to profit on trades could create a conflict of interest, the speaker flatly said “No” to the idea of supporting a ban on trading individual stocks. “We’re a free-market economy,” Nancy Pelosi told reporters. “[Members of Congress] should be able to participate in that.”
